Embarking on your trading journey requires a solid understanding of essential strategies that align with your goals and risk tolerance. Implementing effective trading strategies can significantly increase your chances of success and minimize potential losses. One of the most crucial skills a beginner trader can develop is effective risk management. Here's how you can implement these techniques on the Immediate 0.2 Avita Trading Platform: - Position Sizing: Determine the correct amount of capital to commit to each trade to avoid overexposure. This strategic decision prevents any single trade from having too large an impact on your overall portfolio. - Stop-Loss Orders: Utilize stop-loss orders to automatically sell an asset when it reaches a certain price, thereby limiting potential losses. Setting a prudent stop-loss keeps emotions out of your decision-making and protects your investments in volatile markets. - Risk-Reward Ratios: Before entering a trade, calculate the pote